9 Buscot Gate, Avonhead, Christchurch

Nestled in the serene Buscot Gate of Avonhead, Christchurch, this 1987-built, freehold property offers a promising investment opportunity. The 3-bedroom, 2-carpark home sits on a levelled 594sqm section with a roughcast exterior and a robust iron roof in good condition. The interior spans 190sqm, providing an excellent floor plan with well-proportioned living spaces. Notably, the capital value has surged by 36.67% from $600,000 in 2019 to $820,000 as of 2022, with a HouGarden AVM estimate of $785,000. The latest sale was in 1994 for $252,000, highlighting the property's untapped potential.

With a CV increase that outpaces the market, this residence is strategically positioned in a highly sought-after school zone. Merrin School and Burnside High School, both decile 8, are within easy reach, while other prestigious institutions such as Villa Maria College (decile 9) and Middleton Grange School (Years 11-13, decile 9) are also accessible. This quiet cul-de-sac home is an ideal project for renovators and builders looking to transform it into a gem within a thriving educational community.

For those daring enough to embark on this venture, the rewards are tangible. The current owners, executors of a deceased estate, are realistic in their expectations and are ready to engage with the market. This sun-drenched, single-level home at the end of a peaceful street is a golden opportunity waiting to be seized.

Updated on October 16, 2024